The futures account is registered and opened in real-name registration system, with no other conditions. When we choose a futures company, we can directly submit an application for opening an account without charging any fees. General commodity futures can be traded directly by opening a futures account, while special varieties need capital verification to open an account.

2. Place an order.

There are many ways to place orders for futures, such as text, telephone, network and self-service terminal. When placing an order, it is generally necessary to explain the futures trading variety, trading direction, quantity, month, date, time and price.

3. Bidding.

Bidding generally has two ways: open bidding and computer matching. It is based on the priority order of the declared price from high to low and the declared time.

4. reconciliation.

Generally speaking, transaction settlement refers to the clearing and transfer of the trading gains and losses of members and customers by the clearing institution or clearing company of the exchange according to the settlement price announced by the futures company.

5. delivery.

Futures delivery is divided into physical delivery and cash delivery. Commodity futures delivery is a way of physical delivery, and cash delivery is generally used for futures contracts such as financial futures that cannot be delivered in kind.